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Dinar Wont Buy Much

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Post by TLF Thu Apr 25, 2013 7:31 pm

This is an example why the smaller denoms are not out yet see the purchasing power of the dinar.....Iraq also is the one of the largest agricultural producer in the middle east........TLF
Iraq Raises Grain Prices

Posted on 23 April 2013. Tags: crop prices, grain, harvest, rationing, Wheat

Iraq has increased prices it pays to its wheat, barley and rice growers, reports Azzaman.

Kareem Elaywi, a parliamentarian in the Water and Agriculture
Commission, said farmers shipping their produce to government silos will
receive 900,000 dinars for a ton of wheat, 750,000 dinars for a ton of
barley and 1 million dinars for a ton of rice.

He said the new rates were intended to encourage farmers to increase their cultivated areas and yields at the same time.

Last year’s harvest was the biggest since the 2003 invasion, with 3.2 million tons of wheat shipped to government silos.

Iraq imports more than 5 million tons of food every year just to cover its state-run food rationing system.
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